Replies to post #561805 on Fannie Mae-No Politics (FNMA)

[Doc.007]

That's Why Prefs After Sept. 5, 2008 "JUNK" !!

As confirmed By Fitch with R6 Rating, where R1 would be the Real !

[trunkmonk]

When stocks like GSEs go up, some get desperate and grab at any thin hairs of logic.

[Here I am]

The shareholders in the Washington Federal case,that also hold JPS, denounce both the imposition of the Conservatorship and the usurious Agreements terms (SPSPA and Warrant). Then, the ones that suffered economic injury were the enterprises and any punitive damages will be received by FnF. The Equity holders will get moral damages since the economic injury is redressed with the punitive damages mentioned and a reimbursement of the dividend received by the Treasury in excess of the SPS repayment, as the dividend payments are restricted for undercapitalized enterprises unless they aim at reducing the obligations SPS and recapitalization, according to law.

[car123]

K19 wrong again. Go to read 2nd order from Court of Appeals for Perry case. It orders that right of a share is transferred when it is sold later.

In the first order, the Appeals Court tried to limit the Plaintiffs to some date (cannot remember what it is)

[ano]

Washington Federal etc.……..On behalf of themselves and all others similarly situated (4th line in the document)

The claim “on and before 5th September” is a pointless claim as all rights travel with the stock. Shareholders have the right to transfer ownership and all positive and negative travel with stock
https://www.investopedia.com/investing/know-your-shareholder-rights/#common-shareholders-main-rights

[jeddiemack]

i get it...

but really, think about it.

how else is the government going to resolve ALL the pending / threatened litigation associated with this mess and put all the issues at rest?

1. Bankruptcy... hmmm... that's really no longer an option now is it?
2. Receivership ... see 1 above.
3. Resolve litigation pending / threatened and potential new actions??
not really a good idea, hard to get all things done at once. creates a time delay of months or years. And just canceling the sweep today doesn't really address damages nor settle all the claims.

4. Class action settlement. So, they'd need to allow the plaintiffs to ammend the complaint, not object and then settle it by agreement and have the judge approve it. yes, it'll probably take 12-18 months for it to occur... thru payouts, etc. but how else to make this mess truly go away? and build some confidence?



Think end game and